Subjects – Syria Report

Banque Bemo saudi Faransi


Banque Bemo Saudi Fransi responds to an article published by The Syria Report on links between its microfinance subsidiary and a militia-affiliated charity in Syria.
An affiliate of the Bemo banking group is providing microfinance loans to members of a charity linked to a militia that fought during the war and to various Iranian political figures. The charity is based in the Damascus suburb of Sayyida Zeinab. Another company involved in this project is the local agent of Western Union. The move carries serious risks to the group’s reputation.
Syria’s Katerji brothers have been blacklisted by six members of the Gulf Cooperation Council – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates – in the first such known act against prominent regime-affiliated businessmen by countries of the region.


The tables below provide a list of Syria’s trade with the world between 2010 and 2021 with the value in US dollar using data sourced from the UN Comtrade database.


Import, export, and trade of construction materials, foodstuff, heavy and light machinery and electrical appliances.
The Farzat Group for Development is made up of five companies working in the trading of foodstuffs and the production of agricultural, industrial and plastic products.
Petromin Syria provides lubricants and automotive services.